1. Stock does a downmove after doji on Friday
2. 50DMA at 727 will act as resistance
3. Stock not able to sustain above 200DMA on Friday
4. Death cross (50DMA below 200DMA) has formed last week
2. 50DMA at 727 will act as resistance
3. Stock not able to sustain above 200DMA on Friday
4. Death cross (50DMA below 200DMA) has formed last week
Trade closed: target reached:
Almost 6% (or Rs. 44) returns achieved since the trade initiation. Will review after Q1 results now.